French consumer confidence increased markedly in March, after holding steady in the previous month, data released by statistical office Insee showed Tuesday.
The consumer confidence index increased to 87 in March from 82 in February, which matched the reading for January. Economists expected the index to remain unchanged.
The sub-indicator of households views of their past financial situation improved to -28 in March from -31 in February, while the outlook component of personal finances rose to -18 from -25.
The index measuring consumers' perception of the general economic situation in the past twelve months improved sharply to -66 from -75 in the previous month, while that for the coming period climbed to -39 from -51.
Meanwhile, households considered it less opportune in March than in February to save, with the relevant index dropping to 16 from 19.
by RTT Staff Writer
For comments and feedback: email@example.com